In Brief Avalanche’s price recently broke out of its consolidation within $39 and $31, which it might fail. Market cues suggest a decline is next for the altcoin as the MACD is close to a bearish crossover. Nearly $409 million worth of AVAX is sitting between $37 and $41, awaiting profits, creating resistance. Avalanche’s (AVAX)…
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In Brief Salvor joins Avalanche for NFT lending, boosts AVAX use. The platform platform supports over 800 NFT collections. The market has seen NFT trading volumes drop over 30%. Avalanche has partnered with Salvor to introduce an NFT lending platform. This strategic move could significantly impact the price of Avalanche’s native cryptocurrency, AVAX, as it enhances…
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In Brief Avalanche price will potentially continue the ongoing decline as Death Cross takes place on a 12-hour chart. Price indicators are also suggesting that bearish cues are gaining strength. Investors do not seem to be very bullish either, given their sentiment is mostly pessimistic. Avalanche (AVAX) price is among the few altcoins showing signs of…
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